Home > Energy & Power > Electrical Equipment > Generator Sets > Commercial Diesel Gensets Market

Commercial Diesel Gensets Market Trends

Report ID: GMI8284
Published Date: Feb 2024
Report Format: PDF

Download Free Sample

Commercial Diesel Gensets Market Trends

The increasing demand for commercial standby generator sets, particularly in healthcare, telecom, and data centers, is driven by the need for reliable electricity supply coupled with favorable government norms and emission standards will complement the business landscape. Furthermore, integration of IoT and digitalization technology in diesel gensets with remote monitoring and optimization capabilities have fueled the industry size. Growing efforts by the government authorities along with private players toward energy security challenges and mitigate the impact of power interruptions on critical operations will energize the industry outlook.

Authors: Ankit Gupta, Saurabh Singh

Frequently Asked Questions (FAQ) :

The market size of commercial diesel genset was reached USD 10.4 billion in 2023 and is projected to witness 8% CAGR up to 2032, due to the rapid urbanization across emerging economies along with the increasing spending by public and private players across telecom sector.

The > 50 kVA - 125 kVA power rating segment held over 17% share of the commercial diesel genset market in 2023, driven by the rising reliance on digital technologies and sensitive electronic equipment in commercial settings.

Commercial diesel genset market from the data center end use segment will witness over 37% growth rate up to 2032, owing to the increasing globalization of businesses and the need for low-latency connections.

Asia Pacific commercial diesel gensets market size is poised to surpass USD 14.5 billion by 2032, owing to the continuous expansion of medium and small sized sectors.